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07/27/2014

Country risk and economic studies

Adriatic Top 50

For the third time, Coface is publishing the Adriatic/Balkan Top 50. The companies are ranked based on their turnover in 2013. The economic problems of the region in the last few years have also taken their toll on the top players: Total turnover declined by 1.2% to EUR 39 billion, and profits decreased dramatically by almost 16% to EUR 702 million.

Top 3 largest companies in the Adriatic/Balkan region

The Top 3, oil and gas giants who are well known from previous listings, maintained their positions from last year: INA from Croatia ranks first and is followed by Slovenian Petrol in second place. Number 3, Serbian Naftna, was the only company at the top that could again increase both turnover and net profit.

Country Analysis

Although the 15 top Slovenian companies generated the highest turnover in 2013 (EUR 14 billion), Croatia again holds the top position when ranked by the number of companies in the list (17). Due to the weak performance of leading Slovenian companies, many Croatian competitors moved up the ranking. Although less Serbian companies were represented, they showed exceptionally good performance for the region in question.

Industry Review

In 2013, as in 2012, the oil and gas sector reported the highest turnover in the region, followed by energy supply and retail. In most sectors turnover decreased compared to 2012, except for slight increases in retail, wholesale, pharmaceuticals and in the sector "Others" (including holding companies).